Here is a link I found that gives some technical info.
http://www.rhtubs.com/ion-technical.htm
The active light means the unit is recieveing electrical power (don't they usualy call those things "on indicator lights?) and the red light means that the electrodes need to be replaced. The temperature is supposed to be accurate to within 4 deg if the pump is on and water is flowing through it.
It is your basic copper/silver ionizer and for more info check the section of the forum on metals (this one is good, check popcorngirls post http://www.poolforum.com/pf2/showthread.php?t=91 ) and read Ben's FAQ!
Best suggestion I can give you about it is to disconnect it and get it out of your system.
Read the info on copper/silver in the metal section of the forum, especially Ben's FAQ! (I know I'm repeating myself but is IS important info!
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